Freight Broker Software Market: Introduction

  • Freight broker software, also known as transportation management software (TMS), is designed for organizations to deal with freight management, logistics, and freight brokering for both national and international shipments.
  • Additionally, freight brokerage software is used to increase real-time visibility, efficiency, and asset utilization in industry. It is also used to control and manage all aspects of business by standardizing and organizing the processes.
  • Furthermore, freight broker software monitors and manages the loads and sends professional invoices once loads reach the destination. Freight broker software has been developed for carriers, fleet, storage & warehouse, and transportation businesses.
  • Freight broker software makes firms profitable, efficient, and more customer friendly, and it also reduces extra cost.
  • The logistic and transport industry has faced major challenges during the COVID-19 crisis, as most countries are apprehensive of moving goods from one place to another. Hence, freight broker software providers are coming up with new strategies to ensure the continued supply chain of the logistics and transport industry during the pandemic outbreak, which in turn is expected to enhance the demand for freight broker software.

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Major Key Players of the Freight Broker Software Market are:
3Gtms, AikSphere Technologies., Axon, CARGOCENTRIC INC., Cargomatic Inc., Convoy, COYOTE, DAT Solutions, LLC., Echo Global Logistics, Inc., J.B. Hunt Transport, Inc., McLeod Software, Tailwind TMS, The Descartes Systems Group Inc., Uber Freight, Veson Nautical.

Global Freight Broker Software Market: Key Drivers and Restraints

  • Rising adoption of freight broker software across the logistics sector is expected to boost the growth of the freight broker software market, to provide both businesses and consumers profitability reports, sales reports, and collection & commission reports, which is a major growth driver of the market.
  • Besides, increasing internet penetration, and growth in adoption of cloud-based services, are some of the factors that have triggered the growth of the freight broker software market.
  • Growing transportation industry and increasing acceptance of automated freight broker software is expected to boost the market.
  • However, high license cost of software and lack of skilled operators are the negative factors that can hamper the growth of the freight broker software market.

Global Freight Broker Software Market: Research Scope

Global Freight Broker Software Market Segmentation, by Deployment

  • On-premise
  • Cloud- based

Global Freight Broker Software Market Segmentation, by Enterprise Size

  • Small & Medium
  • Large

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In the end, Freight Broker Software industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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